Bitcoin, as a highly volatile cryptocurrency, carries extremely high market risks. The following operational suggestions are for reference only and do not constitute investment advice.
Conduct in-depth research and solidify your understanding: Before engaging in Bitcoin trading, it is necessary to thoroughly understand the principles of blockchain technology, the issuance mechanism of Bitcoin, the logic of market supply and demand, and other basic knowledge. Pay attention to industry dynamics and regulatory policy changes to avoid blindly following the trend.
Assess risks and plan reasonably: Bitcoin prices are highly volatile and may fluctuate significantly in a short period. It is essential to plan your investment amount reasonably based on your risk tolerance, avoid investing funds that affect your daily life, and do not use leverage or other tools that amplify risks.
Stay calm and avoid emotional trading: During market fluctuations, do not let greed or fear sway your decisions; avoid chasing highs and cutting losses. Develop a trading plan in advance, set reasonable stop-loss and take-profit points, and strictly adhere to them.
